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United Insurance expects policy issuance halt
United Cooperative Insurance Company announced that it has received a decision from the Insurance Authority preventing it from issuing or renewing any insurance policies for all its products, including individual products and extended warranty, starting from September 22, 2026, due to violations of regulatory instructions. This decision is expected to have a negative impact on the company’s financial results for the year 2026, although the extent of the impact has not yet been determined. The company has committed to taking corrective measures to ensure compliance with regulatory requirements and to resume its operations normally.
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